Colorado · Colorado Revised Statutes — Title 42, Vehicles and Traffic
C.R.S. Title 42 § 18-8-503: Thereupon, the holder of the released mortgage shall dispose of the certificate of title as follows: (a) If the motor or off-highway vehicle is encumbered by a mortgage filed under section 42-6-121 after the date on which the released mortgage was filed for record, the holder of the certificate of t
What this law says, in plain English
When a mortgage on a vehicle is released, the mortgage holder must transfer the title certificate to the next mortgagee, vehicle owner, or the director depending on whether other mortgages exist.
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